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July 28th SMM yangshan copper premium KuaiBao: foreign trade copper stalemate is difficult to close a deal
Jul 28,2020 14:09CST
translation
Source:SMM
July 28th, 2020: today's warehouse receipt quotation is 87-97 US dollars / ton, the average price is 1 US dollars / ton lower than the previous day; the bill of lading quotation is 72-84 US dollars / ton, the average price is 1 US dollar / ton lower than the previous day, QP August. The LME0-3 litre water is 6 US dollars / ton, and the import loss is around 300 yuan / ton.
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July 28th, 2020: today's warehouse receipt quotation is 87-97 US dollars / ton, the average price is 1 US dollars / ton lower than the previous day; the bill of lading quotation is 72-84 US dollars / ton, the average price is 1 US dollar / ton lower than the previous day, QP August. The LME0-3 litre water is 6 US dollars / ton, and the import loss is around 300 yuan / ton.

Today, the trading atmosphere of the imported copper market continues the deserted state before, and the activity of both buyers and sellers is limited. With the shipping date approaching, traders once again lowered the price of the bill of lading arriving in Hong Kong in recent months, but the buyer's expected premium still had room for downside, and the counter-offer was about US $10 lower than the quotation, breaking through the seller's cost line downwards, the price difference between the two sides was difficult to smooth out, and the transaction continued to stalemate. At present, the trading price of copper in Japan is at the first line of US $80 / ton. Warehouse receipt quotation continues to decline, and the mainstream fire warehouse receipt quotation is around 95 US dollars / ton, with few transactions.

At present, the transaction price of good copper warehouse receipt is around 97 US dollars / ton, 93 US dollars / ton for mainstream fire method and 87 yuan / ton for wet method; 84 US dollars / ton for good copper bill of lading, 80 US dollars / ton for mainstream fire method and 72 US dollars / ton for wet method.

(SMM Zhu Ruoyi)

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